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« PII for 60,000 Lost In Yet Another Incident: Know How To Address The Risks Involved With Entrusting PII To Business Partners | Main | Would You Be More Inclined To Work For A Company That Gave You Identity Theft Insurance As A Benefit? »

TJX Breach Sentence: Man Gets 5 Years in Prison and Must Pay $600,000 Restitution; Is It Enough?

On September 13, Florida Attorney General Bill McCollum announced Irving Escobar, the alleged leader of a Florida fraud ring that used stolen credit card information linked to the TJX, data breach was sentenced to five years in prison and must pay nearly $600,000 in restitution.

It is good to see a significant penalty...finally...for a cybercrime such as this; but is it enough to dissuade other cybercriminals?

Considering cybercriminals will probably be able to make millions off of such stolen information, and that the actual time in jail will likely be much less based upon "good behavior"...likely not.

Cybercriminals need painful penalties (much more significant than this), and organizations need to be held responsible for not putting proper security measures in place.

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Posted by Rebecca Herold on September 16, 2007 10:47 PM |

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Rebecca Herold's Bio:

Rebecca Herold,CISSP, CIPP, CISM, CISA, FLMI, has been providing information security, privacy and regulatory assistance and services to organizations from a wide range of industries for over 18 years. Rebecca was instrumental in building the information security and privacy program while at Principal Financial Group, which was awarded the CSI Information Security Program of the Year Award in 1998. IT Security ranked Rebecca as one of the top 59 IT security influencers, and Computerworld put Rebecca their list of the 25 top privacy experts and on their list of the 9 best privacy consulting firms. Rebecca has been CPO for two consulting organizations, and has had her own information privacy, security and compliance business since 2004. Rebecca has written chapters for several books, dozens of articles, and has been writing a monthly privacy column for the CSI Alert newsletter since the beginning of 2001, and is working on her 11th book. Some of her other books include The Privacy Papers, Managing an Information Security and Privacy Awareness and Training Program, The Definitive Guide to Security Inside the Perimeter (Realtime Publishers), The Shortcut Guide to Improving IT Service Support through ITIL (Realtime Publishers), and The Practical Guide to HIPAA Privacy and Security Compliance. In addition, Rebecca is the leader of The Realtime IT Compliance Community where she posts to her IT Compliance weblog. You can contact Rebecca at: rebecca_herold@realtimepublishers.net.